Invesco Applies for a Tokenized Fund, Aiming at the Stablecoin Reserves Market

Deep Tide TechFlow news, June 26 — According to CoinDesk, asset management giant Invesco has filed with the U.S. SEC to register the "Invesco Stablecoin Reserves Onchain Fund," a tokenized fund that will invest in cash and short-term U.S. Treasury bonds to support stablecoin reserves.

The fund will operate on a public blockchain, with tokenization company Superstate serving as the sub-transfer agent to maintain a blockchain-integrated shareholder registry. Invesco manages over $2.5 trillion in assets, and this move intensifies competition with institutions like BlackRock and State Street in the stablecoin reserve market. Citigroup predicts that the stablecoin market could reach $4 trillion by 2030.

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